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2015-04-28

Scandinavian Private Equity A/S : Annual Report 2014/15

Company announcement no 2 2015/16
Copenhagen, 28 April 2015

Annual Report for the financial year 2014/15
Profit for the financial year 2014/15 came to DKK 105.3m. Equity stood at DKK
780m, corresponding to a book value per share of DKK 17,939.

The Board of Directors of Scandinavian Private Equity A/S (SPEAS) has today considered and approved the Company's Annual Report for the financial year 2014/15, which ended on 31 January 2015. The Annual Report contains the following highlights:
* Investments in private equity funds generated a return of DKK 114.9m. Less
costs incurred (DKK 4.0m), depreciation and amortisation (DKK 2.9m) and net
financials (DKK 2.5m), net profit for the financial year came to DKK
105.3m.
* Investments in private equity funds amount to DKK 751m, or 96% of net
assets.
* During the financial year, SPEAS contributed DKK 71m to the private equity
funds in accordance with the investment commitments made.
* In the same period, the Company received DKK 174m as proceeds from exits,
recapitalisations etc.
* A total dividend of DKK 5,700 per share was distributed during the
financial year. Including share buybacks, SPEAS distributed a total of DKK
279m to the shareholders.
* The Board of Directors recommends a dividend distribution of DKK 1,500 per
share of a nominal value of DKK 10,000.
* Equity stood at DKK 780m at 31 January 2015, equal to a book value per
share of DKK 17,939 against a quoted price of DKK 17,740 at the same date.
* Return on equity was 12.0% in the financial year.
* Given the Company's current asset allocation, the Company's return
expectations are equivalent to a long-term return on equity of 8-9% pa. The
results for the year will depend on the development in financial markets.

For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30
Annual Report 2014/15
http://hugin.info/137825/R/1915986/684988.pdf
Highlights 2014/15
http://hugin.info/137825/R/1915986/684994.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Private Equity A/S via Globenewswire

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